PANews reported on January 14 that according to Bloomberg, Paris-based crypto wallet technology company Dfns completed US$16 million in financing, led by Abu Dhabi sovereign wealth fund ADQ. Other investors included market makers Wintermute, Motive Partners, Bpifrance and Motier Ventures, the family office of the owner of Galeries Lafayette Group.

According to reports, Dfns was founded in 2020. The technology developed by the company allows developers to more easily build and securely manage digital asset wallets. Its customers include Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year. The startup plans to expand its headcount from the current 25 to 35 people. It raised $13 million in 2022.